Accounting & Commerce

Hello!

There are many colleges that are consistently ranked among the top Commerce colleges in Bangalore by various ranking bodies. The table below provides a list of some of these colleges:

Disclaimer: This information is sourced from the official website and may vary.

It is not neccessary to have studied commerce in class 12 for clearing CA Foundation. Student from any stream can pursue CA course. Having studied Commerce with Maths in class 12, can be an advantage, as the student will have a strong base in several topics related to accounting, taxation, economy, etc.  

Currently, there are 17 IFRS standards in application. By 1st January 2027, IFRS 18 and 19 will also be in application.

'Statement of Financial Position' is the balance sheet format used in IFRS. It first presents non-current assets which is followed by current assets, equity, non-current liabilities and at last, it presents current liabilities.

From 1st January 2027, IFRS 18 will supersede IAS 1. This means that IAS 1 will no longer remain effective. For now, IAS 1 is not the same as IFRS. 

Knowledge of IFRS is particularly valuable for investment analysts, accountants, and business consultants who need to evaluate companies across different jurisdictions.

IFRS is the widely accepted set of accounting standards that are implemented in over 140 countries. GAAP is the generally accepted accounting principles that are accepted in the United States for financial reporting.

The fee structure for an MCom at Dr MGR Educational and Research Institute consists of several other fee components. These components may include tuition fees, registration fees, security charges, admission fees, etc. The tuition fee for the MCom courses at Dr MGR Educational and Research Institute is INR 1 lakh. However, the fees mentioned above have been sourced from the university's official website/sanctioning body. It is still subject to change and, hence, is inductive.

Candidates who have graduated from a recognised university or institute in relevant subjects (commerce stream) are eligible for the MCom programme offered by Dr MGR Educational and Research Institute. Additionally, the core subjects in the Commerce stream include Accounting, Business Studies, and Economics. Generally, admission into the courses of this institute is merit-based and satisfies the institute's preset course-specific eligibility criteria. Interested students are, therefore, advised to read the guidelines carefully before applying for the MCom programme.